Assuming manufacturing overhead costs of $27,800, what is the amount of direct labor incurred by Argento Supplies, Inc. during the year?
Argento Supplies, Inc. selected cost data for the year are shown below:
A) $64,300
B) $190,040
C) $61,240
D) $128,800
C) $61,240
Total Manufacturing Cost = Ending Work-in-Process Inventory + Cost of Goods
Manufactured - Beginning Work-in-Process Inventory = $2860 + $193,100 - $5920 = $190,040
Direct labor costs = Total Manufacturing Cost - Manufacturing overhead costs - Direct Materials Used =
$190,040 - $27,800 - $101,000 = $61,240
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